Auction held onsite, Saturday, October 11th, 2025, 10:00 AM $550,000

Lake Home For Sale

Auction held onsite, Saturday, October 11th, 2025, 10:00 AM Eastern | Open Houses Saturday, September 27 Saturday, October 4, 2025, 10:00 - 11:30 AM Eastern | The price stated on this property is the assessed value. | This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. | $35,000 down day of the auction. | To see all terms, please visit our website. | Once in a lifetime opportunity to own amazing 3 Tract lakefront parcel containing 13,000+ sqft 4 unit (8 bed, 4 bath) apartment building, 10 car garage (all w/ R5 high-density multifamily zoning), beautiful countryside 321' of frontage on (skiing) Fox Lake--so much potential! Prime location SE of I-69 US-20 intersection just outside Angola, easy access to major highways plus convenient shopping, dining groceries in town w/ all benefits of country--fresh air, surrounded by nature stunning waterfront views! Note: Tract 1 contains apartments (condo conversion zoned R5) half acre on lakefront for total 6.9 acres 321' of gorgeous lakefront. Tract 2 is 1.75 acres to south of apartments. Tract 3 is the combination of Tracts 1 2 (8.65 acres total). Fox Lake is picturesque body of water where you can enjoy fishing, boating swimming. Outside dimensions of center building are 60' x 50' netting 2,850 sqft per floor, allowing for 10 vehicles in ground level garage. Space above garage is not finished, just waiting ready for you to bring it to life! It features a wall of lakefront windows can be turned into a communal space, office, another apartment--sky's the limit! Apartments are tidy well maintained w/ split 2 bedroom floor plan one bath each. The apartment building is in great shape has been well maintained from outside in. All 4 apartments are move-in ready w/ some variation in stages of updates. For example, 1 apartment has newer floors, some bathrooms have been updated, one apartment has stainless appliances, etc. All have open concept main living space w/ full waterfront views, full kitchen bath w/ tub/shower combo. So many options for this property w/ space for new construction or build out, there's plenty of space to go big! Convert to condos (8-12 units) or build the mega mansion of your dreams with the sparkling blue lake mere steps away, a relaxing serene setting all year long! Are you ready to carve out a slice of history make your mark on this lake?